LAMBERTI FRANK enters HERBALIFE LTD. with 187.77K shares plus derivative instruments

Holding both equity and derivatives at entry signals strong long-term conviction in the company.

Direct Derivatives

LAMBERTI FRANK

Filed: 11/12/2025ACC: 0001213900-25-109423

InsiderLAMBERTI FRANKCIK 1661501

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IssuerHERBALIFE LTD.CIK 1180262

Officer· Regional Pres. Americas

Since Jul 2022

187.77K

Baseline shares

100% direct

187.77K

Direct ownership

1 position

509.01K

Derivative underlying

7 instruments

Security positions

All direct

Non-Derivative Holdings1

Common Stock

Direct

Shares owned187.77K

Total

187.77K direct187.77K

Security Title	Shares Owned	Ownership Type
Common Stock	187.77K	Direct
Total	187.77K	187.77K direct

Derivative Holdings7

Stock Appreciation Rights

Direct

Underlying security

Common Stock

Underlying shares

12.54K

Shares owned

N/A

Exercise price

27.375

Expiration

—

Exercise window

—

Stock Appreciation Rights

Direct

Underlying security

Common Stock

Underlying shares

31.78K

Shares owned

N/A

Exercise price

28.595

Expiration

—

Exercise window

—

Stock Appreciation Rights

Direct

Underlying security

Common Stock

Underlying shares

77.43K

Shares owned

N/A

Exercise price

8.31

Expiration

—

Exercise window

—

Stock Appreciation Rights

Direct

Underlying security

Common Stock

Underlying shares

80.05K

Shares owned

N/A

Exercise price

13.60

Expiration

—

Exercise window

—

Stock Appreciation Rights

Direct

Underlying security

Common Stock

Underlying shares

30.23K

Shares owned

N/A

Exercise price

31.255

Expiration

—

Exercise window

—

Stock Appreciation Rights

Direct

Underlying security

Common Stock

Underlying shares

64.43K

Shares owned

N/A

Exercise price

18.61

Expiration

—

Exercise window

—

Stock Appreciation Rights

Direct

Underlying security

Common Stock

Underlying shares

212.55K

Shares owned

N/A

Exercise price

9.58

Expiration

—

Exercise window

—

Total

Underlying

509.01K

Owned

0.00

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Appreciation Rights Direct	Common Stock	27.375	—	—	12.54K	N/A
Stock Appreciation Rights Direct	Common Stock	28.595	—	—	31.78K	N/A
Stock Appreciation Rights Direct	Common Stock	8.31	—	—	77.43K	N/A
Stock Appreciation Rights Direct	Common Stock	13.60	—	—	80.05K	N/A
Stock Appreciation Rights Direct	Common Stock	31.255	—	—	30.23K	N/A
Stock Appreciation Rights Direct	Common Stock	18.61	—	—	64.43K	N/A
Stock Appreciation Rights Direct	Common Stock	9.58	—	—	212.55K	N/A
Total					509.01K	0.00